Brazil: Economic activity rebounds in April
June 16, 2017
In April, economic activity rose 0.3% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The result notably contrasted March’s 0.4% decrease and met market analysts’ expectations.
On an annual basis, economic activity fell 1.7% in April, which contrasted March’s 0.8% increase. Meanwhile, the trend improved and the annual average variation in economic activity came in at minus 2.7%, which was up from March’s minus 3.0%.